Zhejiang Great Southeast Corp.Ltd (SZSE:002263) signed a share transfer agreement to acquire remaining 25% stake in Zhejiang Great Southeast Wanxiang Science And Technology Co., Ltd. from Great Southeast (Hong Kong) Limited for CNY 68.1 million on December 12, 2018. Pre deal, Zhejiang Great Southeast Corp.Ltd held 75% stake and post completion of the deal, it will hold 100% stake in Zhejiang Great Southeast Wanxiang Science And Technology Co., Ltd. which will become a wholly-owned subsidiary of Zhejiang Great Southeast Corp.Ltd. As of December 31, 2017, Zhejiang Great Southeast Wanxiang Science And Technology Co., Ltd. reported total assets of CNY 195.3 million and net assets of CNY 186.4 million. For the year ending December 31, 2017, Zhejiang Great Southeast Wanxiang Science And Technology Co., Ltd. reported revenue of CNY 129.3 million, operating loss of CNY 30.3 million and net loss of CNY 30.2 million. Zhejiang Great Southeast Corp.Ltd (SZSE:002263) cancelled the acquisition of remaining 25% stake in Zhejiang Great Southeast Wanxiang Science And Technology Co., Ltd. from Great Southeast (Hong Kong) Limited on December 12, 2019.